Textbook Notes (368,856)
Canada (162,212)
GMS 200 (566)
Chapter

Week 7

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Department
Global Management Studies
Course
GMS 200
Professor
Shavin Malhotra
Semester
Fall

Description
Week 7Planning and ControllingOctober0711 1227 PM Management Planning yTransforming convicts What is planningyIt is the process of deciding today what has to be done today to be ready for tomorrowyPlanning is the process of collecting information and making decisions by which management formulates objectives and chooses the pattern of action to achieve those objectives Why planning creates valuesyLeads to an increased match between the internal organization conditions of the firm and its external environmentyCreates awareness of problems strengths and weaknessesyImproves focus and flexibility o Avoids wasting timeo Takes in to account all factors and focus on
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